New Delhi, Nov 13 (PTI) Realty firm AGI Infra plans to raise up to Rs 275 crore through issue of shares to institutional investors.

     The Punjab-based company opened its qualified institutional placement (QIP) on Thursday, fixing the floor price at Rs 269.20 per equity share.

     In a regulatory filing, AGI Infra informed that the board has approved the floor price at Rs 269.20 per equity share for the QIP.

     The company may, at its discretion, offer a discount of up to 5 per cent on the floor price, subject to applicable regulations.

     In September, the board had approved a proposal to raise up to Rs 275 crore through QIP.

     AGI Infra has reported a 39 per cent year-on-year increase in consolidated net profit at Rs 30.74 crore for September quarter FY27. Revenue from operations rose 17.45 per cent to Rs 100.19 crore.

     For the first half of FY27, consolidated net profit increased 38.5 per cent to Rs 58.27 crore, while revenue from operations grew 11 per cent to Rs 196.63 crore.

     AGI Infra is a real estate development and construction company headquartered in Jalandhar, Punjab, with residential and commercial projects across the state.

(This story has not been edited by THE WEEK and is auto-generated from PTI)
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